在《 解码中金点睛一站式数字化投研平台（上篇） | 走近中金点睛 》中，我们深入对话了中金 点睛核心团队，从变革趋势、投研实践、价值转化三大维度，解码科技金融大文章下的中金实 践。 本期我们将聚焦平台的用户反馈，从服务机构客户、解放分析师、赋能内部业务三大视角，继续 为大家解码中金点睛如何以数字化能力书写金融服务的行业答卷。 服务机构客户： 从信息输出到决策支持 01 经过四年持续迭代与升级，中金点睛平台已从早期的研究观点聚合载体，逐步发展成为可通过SaaS账 号、API接口、本地化部署等多种方式赋能机构客户的综合服务平台， 将中金研究的专业能力"打包"输 出，成为众多投资机构的"外部投研大脑"。 "数字化投研时代，真正的服务价值不在于信息更多，而在于可靠有效。" 一位头部公募基金经理如此 评价中金点睛的投研服务，"经过一年的合作，中金点睛已从原先的卖方服务工具，升级为我们团队投 研工作中不可或缺的日常搜索引擎。" 一年前，该公司正处于自主投研平台建设初期，尤其在权益投资领域，亟需系统化接入高质量的行业与 个股研究资源，以弥补内部研究覆盖与人力资源的不足。 在中金研究非银及金融科技行业首席分析师姚泽宇看来， ...

Group 1 - Hema Neighbors will cease operations on October 4, 2023, with a focus shifting to Hema "Fresh + NB" business model, planning to open nearly 100 new stores within the fiscal year, increasing total stores to over 500 [2] - Pop Mart has intercepted nearly 10 million counterfeit goods this year, with 1.83 million items intercepted by customs in China from January to mid-August, involving 237 batches destined for 61 countries [3] - Shenzhen government has optimized real estate policies, allowing residents to purchase unlimited properties in multiple districts and adjusting personal housing loan policies, effective from September 6, 2025 [4][5] Group 2 - China State Construction announced the acquisition of a 50.5% stake in a Shanghai real estate project for approximately 73.41 billion yuan, enhancing its market influence in Shanghai [6] - Muyuan Foods reported a 12.3% year-on-year decline in sales revenue from live pigs in August, totaling 11.85 billion yuan, with a sales volume of 7.001 million pigs [7] - Zhuhai Guanyu has begun mass production of semi-solid batteries and is actively engaging in solid-state battery development, gaining recognition from multiple clients [8] - Tencent has reduced its stake in China International Capital Corporation (CICC) to 6.96% after selling approximately 4.1 million H-shares [9] - Kweichow Moutai's controlling shareholder has secured a loan of up to 2.7 billion yuan to increase its stake in the company, with plans to buy back shares worth between 3 billion and 3.3 billion yuan [10] - The film "Wang Wang Mountain Little Monster" has surpassed 1.5 billion yuan in box office revenue as of September 5 [11] - Tianjin has adjusted its vehicle scrapping and renewal subsidy policy, allocating a monthly budget of 20 million yuan until the end of the year [13] - China Uranium Industry has successfully passed the IPO review for its main board listing [14]

（以下无正文，为《中国国际金融股份有限公司关于诺思格（北京）医药科技股份 有限公司 2025 年半年度跟踪报告》之签章页） 保荐代表人： | 中国国际金融股份有限公司 | | --- | | 关于诺思格（北京）医药科技股份有限公司 | | 保荐人名称：中国国际金融股份有限公司 被保荐公司简称：诺思格 | | 保荐代表人姓名：任孟琦 联系电话：010-65051166 | | 保荐代表人姓名：陈贻亮 联系电话：010-65051166 | | 一、保荐工作概述 | | 项 目 工作内容 | | （1）是否及时审阅公司信息披露文件 是 | | （2）未及时审阅公司信息披露文件的次数 0次 | | （1）是否督导公司建立健全规章制度（包括但不 | | 限于防止关联方占用公司资源的制度、募集资金管 是 | | 理制度、内控制度、内部审计制度、关联交易制度） | | （2）公司是否有效执行相关规章制度 是 | | 1 （1）查询公司募集资金专户次数 每月 次 | | （2）公司募集资金项目进展是否与信息披露文件 | | 是 | | 一致 | | （1）列席公司股东大会次数 1次 | | 0 （2）列席公司董事会次数 次 ...

Group 1: Market Overview - The Hong Kong capital market is expected to see a significant recovery in 2025, with IPO financing reaching HKD 132.9 billion in the first eight months, a 50% increase compared to the total for 2024 [1] - The secondary market for Hong Kong stock offerings is performing even stronger, raising HKD 190.5 billion, which is 3.8 times higher than the total for 2024, with an average fundraising size of HKD 1.1 billion per project [1] Group 2: Underwriting Market Characteristics - The underwriting market for Hong Kong stock offerings in 2025 shows a "head concentration and foreign capital leading" characteristic, with six out of the top ten underwriters being foreign investment banks [3] - The top six underwriters have all surpassed HKD 15 billion in underwriting scale, collectively accounting for over 70% of the overall market [3] Group 3: Top Underwriters - Goldman Sachs leads the underwriting market with a scale of HKD 39.5 billion, holding a market share of approximately 21%, and has a strong focus on "head large projects" [5] - CITIC Securities ranks second with HKD 24.8 billion, but its underwriting structure is heavily reliant on a single large project, which limits its overall project diversity [6] - UBS ranks third with HKD 24.1 billion, demonstrating a balanced approach with both large and small projects, contributing to its competitive position [7] Group 4: Performance Discrepancies - CICC, while being the top underwriter for IPOs, has seen a significant drop in its performance in the secondary market, with only HKD 21.3 billion in underwriting scale, indicating a disconnect in core client cooperation [8][9] - Guotai Junan, despite having the highest number of projects at 27, has a low underwriting scale of HKD 9.7 billion, reflecting its inability to secure large projects [10]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 高盛头部项目全覆盖 少而精策略稳坐承销排名榜首 作为老牌外资投行，高盛以395亿港元承销规模稳居榜首，市场份额约21%，承销规模是第二名中信证券的1.6 倍，其核心竞争力体现在对"头部大项目"的精准把控与全面覆盖上。 从项目结构看，高盛仅承销12单增发项目，数量在TOP 10中排名中游，但却精准覆盖了2025年港股前五大增发 项目的全部5单——包括比亚迪435亿港元、小米集团426亿港元、药明康德77亿港元、地平线机器人47亿港元及 信达生物43亿港元。这些大项目不仅贡献了高盛90%以上的承销规模，更体现出其对二级市场趋势的敏锐判 断、对国际化大型投资机构的深度覆盖，以及与高市值企业的长期合作关系，"以质取胜"成为其登顶的关键。 出品：新浪财经上市公司研究院 作者：喜乐 2025年香港资本市场迎来显著回暖，截至前8个月，港股IPO融资规模达1329亿港元，创下近4年新高，较2024 年全年规模提升50%。更值得关注的是，同期港股增发市场表现更为强劲——募资规模达1905亿港元，不仅远 超IPO融资规模，更较2024年全年增发规模增长3. ...

Group 1: Market Overview - The Hong Kong capital market is experiencing a significant recovery in 2025, with IPO financing reaching HKD 132.9 billion in the first eight months, a 50% increase compared to the total for 2024, marking a four-year high [1] - The secondary market for Hong Kong stocks is showing even stronger performance, with fundraising reaching HKD 190.5 billion, which is 3.8 times higher than the total for 2024, and an average fundraising size of HKD 1.1 billion per project [1] Group 2: Underwriting Market Characteristics - The underwriting market for Hong Kong stock issuances in 2025 is characterized by a concentration of top players, with foreign investment banks holding six of the top ten spots, including Goldman Sachs, UBS, and Morgan Stanley [2] - The top six underwriters have all surpassed HKD 15 billion in underwriting scale, collectively accounting for over 70% of the overall market [2] Group 3: Top Underwriters - Goldman Sachs leads the underwriting rankings with an underwriting scale of HKD 39.5 billion, holding a market share of approximately 21%, and is known for its focus on "head projects" [4][5] - CITIC Securities ranks second with HKD 24.8 billion in underwriting scale, but its performance is heavily reliant on a single large project, the HKD 43.5 billion issuance from BYD, which accounts for about 60% of its total underwriting [6] - UBS ranks third with HKD 24.1 billion, demonstrating a balanced approach by participating in both large and small projects, which enhances its structural resilience [7] Group 4: Performance Discrepancies - China International Capital Corporation (CICC) is the top underwriter for IPOs but has seen a significant drop in its performance in the secondary market, with only HKD 21.3 billion in underwriting scale, indicating a disconnect in core client cooperation [8][9] - Guotai Junan, despite having the highest number of projects at 27, ranks seventh in terms of underwriting scale at HKD 9.7 billion, primarily due to a lack of participation in large projects [10]

Group 1: Market Overview - The Hong Kong capital market is expected to see a significant recovery in 2025, with IPO financing reaching HKD 132.9 billion in the first eight months, a 50% increase compared to the total for 2024 [1] - The secondary market for Hong Kong stock offerings is performing even stronger, raising HKD 190.5 billion, which is 3.8 times higher than the total for 2024, with an average fundraising size of HKD 1.1 billion per project [1] Group 2: Underwriting Market Characteristics - The underwriting market for Hong Kong stock offerings in 2025 shows a "head concentration and foreign capital leading" characteristic, with six out of the top ten underwriters being foreign investment banks [3] - The top six underwriters have all surpassed HKD 15 billion in underwriting scale, collectively accounting for over 70% of the overall market [3] Group 3: Top Underwriters - Goldman Sachs leads the underwriting rankings with a scale of HKD 39.5 billion, holding a market share of approximately 21%, and has a strong focus on "head large projects" [5] - CITIC Securities ranks second with HKD 24.8 billion, but its underwriting structure is heavily reliant on a single large project, which limits its overall project diversity [6] - UBS ranks third with HKD 24.1 billion, demonstrating a balanced approach with both large and small projects, contributing to its competitive position [7] Group 4: Performance Discrepancies - CICC, while being the top underwriter for IPOs, has seen a significant drop in its performance in the secondary market, with only HKD 21.3 billion in underwriting scale, indicating a disconnect in core client cooperation [8][9] - Guotai Junan, despite having the highest number of projects at 27, ranks seventh in scale with HKD 9.7 billion, primarily due to a lack of participation in large projects [10]

近期，亿道信息迎来了机构调研，展现出其在智能电子产品领域的发展动态与潜力。 据公告显示，此次投资者关系活动类别为特定对象调研、现场参观及线上交流。活动于2025年9月5日在 公司会议室举行，参与单位名称为中金公司、光大证券，上市公司接待人员有副总经理、董事会秘书乔 敏洋以及投资者关系专员谢蝶 。 在交流环节，公司对自身业务进行了详细介绍。亿道信息是以产品定义、研发设计为核心的智能电子产 品及解决方案提供商，业务主要分为加固智能终端和消费类智能终端。加固智能终端涵盖加固笔记本电 脑、平板、手持终端及工控产品，已应用于智能制造等多个场景；消费类产品包括PC、平板等，服务 品牌及企业客户，能提供全流程服务。同时，旗下亿道研究院专注于人工智能等领域，构建企业核心竞 争力。 声明：市场有风险，投资需谨慎。 本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为 ...

（记者 王晓波） 每经AI快讯，亿道信息（SZ 001314，收盘价：49.58元）发布公告称，2025年9月5日，亿道信息接受中 金公司、光大证券调研，公司副总经理、董事会秘书乔敏洋等人参与接待，并回答了投资者提出的问 题。 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 2025年1至6月份，亿道信息的营业收入构成为：计算机和通信和其他电子设备制造业占比100.0%。 截至发稿，亿道信息市值为70亿元。 每经头条（nbdtoutiao）——烤肉店里洗头、西湖边开面包店、进军高端酒店……海底捞"不务正业"背 后：子品牌存活率不足50% ...

腾讯持有中金公司H股股份比例从7.17%降至6.96%。 ...